PIE-TICKER
German packaging waste company to see new ownership
Germany's national packaging waste collection company, Duales System Deutschland (DSD, www.gruener-punkt.de), Cologne, will undergo a major restructuring to avoid further conflict with national cartel authorities. In future, companies and industry organisations such as the plastics recycling company DKR (www.dkr.de), Cologne, will sell their shares and the stakes of current shareholders will be reduced to under 25%. An initial public offering could take place later. German cartel authorities said they believe that with competition the cost of the recycling "green dot" will come down.
22.10.2004 Plasteurope.com [12206]
Published on 22.10.2004